GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It facilitates co-operation with other international organisations
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It monitors national trade policies
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It administers WTO trade agreements
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It provides a forum for trade negotiations
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It handles trade disputes
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Detailed explanation-1: -Settling disputes is the responsibility of the Dispute Settlement Body (the General Council in another guise), which consists of all WTO members.
Detailed explanation-2: -Ideally disputes are resolved through negotiations. If this is not possible, WTO Members can request the establishment of a panel to settle the dispute. The panel will issue a report, which can subsequently be appealed before the WTO’s Appellate Body on questions of law.
Detailed explanation-3: -Most-favoured-nation (MFN): treating other people equally Under the WTO agreements, countries cannot normally discriminate between their trading partners.
Detailed explanation-4: -Transparency, openness, impartiality, consensus, efficiency, relevance and consistency are key elements for the development of standards, no matter if on a national or international level. CEN and CENELEC already claim to follow these principles which are also implemented by their national committees.